Disaster Compensation Funds
Authorities in Boston have set up a fund (supported by voluntary donations) to compensate the victims of the bombing last week. Ken Feinberg, the man who administered the 9/11 Fund and the BP Disaster Fund among others, has been called in to help with this one too.
We need more scholarship and regulation of this trend in tort compensation. While there are advantages in setting each of these funds up as an ad-hoc arrangement and using the expertise of a single individual, drawing up a model statute for states to enact that would create a basic framework for these funds when they are necessary would be better over the long run.